7-Eleven Newport News, VA

2901 Huntington Ave
Newport News, VA

Price: $5,763,000
Cap Rate: 5.50%
NOI: $316,961
Building Size: Approx. 4,088 Sq. Ft.
Lot Size: Approx. 0.8 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2023

Investment Overview

  • 2023 Construction. 4,088+/- SF Building on 0.80+/- Acre Site
  • Rare 15-Yr. Corporate Absolute NNN Lease w/ 10% Rent Bumps Every 5 Yrs., Starting Yr. 6 in Primary & Yr. 16 in Options
  • Located Right Off Hwy 664 (86,000+ VPD) & the Only Fueling Station in the Newport News Shipyard
  • Within Walking Distance of Newport News Apprentice School (800 Students) & 12 Mins. From Warwick High School (1,591 Students)
  • 7 Miles From Naval Station Norfolk – Headquarters & Home Port of U.S. Navy’s Fleet Forces Command
  • 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
  • Newport Shipyard  |  5th Most Populous City in Virginia  |  Population: 179,582+